Sodexo completes the spin-off and listing of its Benefits and Rewards Services business, now known as Pluxee, on Euronext Paris

February 9, 2024 (press release) –

Sodexo has completed the spin-off and listing of its Benefits and Rewards Services business, now known as Pluxee, on Euronext Paris. The distribution of Pluxee shares to Sodexo shareholders was approved during a Shareholders Meeting and took place on February 5, 2024 . White & Case LLP provided legal advice for the transaction.

Key Highlights:

* Pluxee was listed on Euronext Paris on February 1, 2024

* The resolution to approve the distribution of one Pluxee share for every Sodexo share held was adopted by a majority during a Shareholders Meeting on January 30, 2024

* Delivery of Pluxee shares to shareholders occurred on February 5, 2024

Original Press Release:

Feb. 8 -- White & Case issued the following news release:

Global law firm White & Case LLP has advised Sodexo on the spin-off of its Benefits and Rewards Services business, under the new brand name Pluxee, and its listing on Euronext Paris on February 1, 2024 .

The resolution proposed by the Board of Directors to approve the exceptional distribution in kind of one Pluxee share for every Sodexo share held was adopted by a large majority during a Shareholders Meeting on January 30, 2024 . Delivery of the Pluxee shares to shareholders took place on February 5, 2024 .

Sodexo is a France -based global service provider company.

The White & Case team in Paris which advised on the transaction was led by partner Marc Petitier and included partners Thomas Le Vert , Max Turner , Olga Fedosova , Neeloferr Roy and Alexandre Ippolito and associates Olivier Pâris, Hugo Chevillot , Boris Kreiss , Jaime Lee , Sébastien Caciano , Chloé Bouffard and Claire Sardet.

[Category: Law/ Legal Services, Professional Services, M&A Activities, Demerger/Spin Off]

Source: White & Case